Tuesday, September 18, 2012

Daily Headlines: Tuesday, September 18, 2012

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Insurance Journal Daily Headlines
September 18, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Court Orders Rehabilitation for Home Value Insurance Co.

Home Value Insurance Co. was ordered into rehabilitation by an Ohio court on Aug. 31, 2012, and has been prohibited from selling insurance ...

How Low Interest Rates Challenge Insurers and Affect Pricing

Property/casualty insurers say that principal preservation and total return are the most important objectives of their companies' portfolio ...

Top 10 Car Technologies For Mature Drivers

Smart headlights, emergency response systems and reverse monitoring features rank highest in car technologies that benefit mature drivers, ...

From MyNewMarkets.com Energi Expands Presence With Three New Offices

Energi, a developer and underwriter of insurance products, has opened three new satellite offices across the United States to better serve...
Sponsored by: NSM Insurance Group. We have 25 years writing non-profits. Hospice, Boys and Girls Clubs, CAAs, Head Starts, Senior Services, MRDD/ARC, Charter Schools and Many More! Click here for more information.
East

Dad of Rhode Island Club Fire Victim Wants Memorial at Site

The father of one of the 100 people who died in a 2003 Rhode Island nightclub fire is asking the state to take by eminent domain the land ...

Liberty Mutual Inducted Into NAMIC's 'Century Club'

Liberty Mutual Insurance of Boston, Mass., which was founded in 1912, is joining the National Association of Mutual Insurance Companies' ...

Mass. Woman Charged With 46 Counts of Motor Vehicle Insurance Fraud

A Rockland, Mass., woman has been indicted in connection with a scheme to fraudulently collect insurance payments of more than $28,000. The ...

SIAA Adds New Agency Members in Pennsylvania, New York

The Strategic Insurance Agency Alliance (SIAA), a national alliance of over 4,000 independent insurance agencies, said four new agency ...
Designing Producer Compensation Plans - New training next week from Insurance Journal's Academy of Insurance - Reserve Your Spot Today
Midwest

M3's Tirschman Wins 2012 National Outstanding CSR of the Year

Maggie Tirschman, account manager at Wisconsin-based M3 Insurance, has been named the 2012 National Outstanding CSR of the Year by The ...

Feds Appeal Ruling That Would Free Peregrine CEO

Federal prosecutors have appealed a judge's order that would free a disgraced U.S. businessman while he awaits sentencing for a $200 ...

Cedar Rapids, Iowa Sets Record for Construction Projects

Cedar Rapids, Iowa, has set a record for construction projects thanks to some large city-backed flood-recovery work and building by private ...

Copper Thieves Cause $750K in Damage in Wichita, Kan.

Copper thieves tore out electrical systems at a Wichita industrial park, causing about $750,000 in damage. The theft was reported Sept. 14 ...

Crop Insurance Losses Mount in Midwest

Thousands of farmers are filing insurance claims this year after drought and triple-digit temperatures burned up crops across the nation's ...
Southeast

Alabama Officials Mull How to Share Oil Spill Penalty Money

Local communities should not hire lobbyists as Alabama tries to determine how to dole out at least $1 billion in penalty funds it expects ...

Mississippi Challenge to Health Insurance Mandate Dismissed

Gov. Phil Bryant and other Mississippi residents were premature in their challenge to the federal law requiring people to buy health care ...

Hurricane Isaac Washed Away Alabama's Sand Island

Sand Island along the Alabama coast has disappeared beneath the waves. The Sand Island Lighthouse is still standing alone in the water. But ...

AssuredPartners Acquires North Carolina's Moore & Johnson Agency

AssuredPartners is making is first foray into North Carolina by purchasing the Moore & Johnson Agency. The Raleigh, North Carolina-based ...
South Central

McCombs Risk Advisors Opens for Business in Austin, Texas

McCombs Risk Advisors LLC (MRA) announced its launch as a newly created Texas-based insurance services company. MRA, which will initially ...

McClure Named Managing Director at Wells Fargo Insurance Southwest

Wells Fargo Insurance -- part of Wells Fargo & Co. -- named Howard McClure regional managing director for its Southwest operations. He is ...

Angry Over Denial for Disaster Aid, Louisiana Man Pulls Assault Rifle

A man who allegedly got a fully loaded AR-15 assault rifle from his pickup truck after being turned down for disaster food stamps is jailed ...
Sponsored by: Texas Mutual Insurance Company. I've been privileged to give a select number of my clients six-digit dividend check in the past. Click here for more information.
West

U.S. Risk Names Troester VP, Manager of New Oregon Branch

U.S. Risk Insurance Group Inc. named Tim Troester vice president and branch manager for the newly formed Portland, Ore. branch of U.S. Risk ...

Former Montana Mill Eyed As Possible Superfund Site

The U.S. Environmental Protection Agency says the former Smurfit-Stone Container Corp. pulp mill in Frenchtown has potentially dangerous ...

Cantaloupes Distributed In Colo. Could Be Tainted

A California company is voluntarily recalling cantaloupes in several states, including Colorado, because of possible salmonella ...

The Insurance Place Expands Coverage to Military Service Members in San Diego

The Insurance place is now offering military car insurance in San Diego, as well as home insurance and motorcycle insurance for military ...
Sponsored by: IBA West. Insurefest - Oct. 12 - 14. San Diego Marriott Marquis and Marina, San Diego, CA. Click here for more information.
International

Capital Markets: A Threat or a Complement for Reinsurers?

Investments from the capital markets in various forms now provide around 14 percent of the total capital dedicated to providing reinsurance ...

Typhoon Sanba Makes Landfall in South Korea: AIR Analysis

According to catastrophe modeling firm AIR Worldwide, Typhoon Sanba made landfall on September 17 just before noon local time (3:00 UTC) in ...

Aon Benfield Launches Updated Financial Analysis Tool - ReMetrica v6

Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, announced the launch of version 6 of ReMetrica - its ...

Willis Germany to Present Photovoltaic Cover at Solar Energy Conference

Willis Germany, part of Willis Group Holdings, announced that it will be demonstrating the special features of "Willis Electronic Plus," at ...

Aon Hewitt Opens New Office in Indonesia

Aon Hewitt, the global human resource solutions business of Aon plc, has opened a new office in Jakarta, Indonesia, as part of its regional ...

Ryan Specialty to Buy Direct Group to Strengthen MGA and TPA Capabilities

The Ryan Specialty Group (RSG) announced that it would "significantly strengthen its MGA and third party administration (TPA) capabilities ...
Designing Producer Compensation Plans - New training next week from Insurance Journal's Academy of Insurance - Reserve Your Spot Today
Insurance Journal Blogs

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If you are a single, working professional, with no hobbies, feel free to stop reading now. If your time is limited and you want to get the ...

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Predictive Modeling 1: Origins in Insurance

Few developments have altered the insurance business as much as predictive modeling and more...
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Agriculture Business Prepared for This Year's Drought

Record high temperatures in the Midwest have farmers facing the worst drought in over 20 year,...

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New Discussions in the Forums

Taxi Cab Insurance
Posted: Mon Sep 17 -- If you do not have direct access and know the market its a waste of time to try and write though a GA. Often they dont have the competitive... JAM
Reliable Car Insurance Quotes
Posted: Mon Sep 17 -- An expierenced agent will be the best route for you. Insurance can get complicated when you're not certain of what you need to make sure you... gainsurancegirl
Homeowners Insurance with open claim
Posted: Mon Sep 17 -- And that's why the Insurance Gods made the non admitted market...usually good coverage at a higher rate...Lexington is a major player in... d's insurance store
Selling a complementary product alongside insurance policies
Posted: Sat Sep 15 -- Thank you, Rob. I sponsored a regional insurance trade show earlier this month and got some interesting feedback. My takeaway from that was... wiseleo
Wind Exposure-West Coast Florida
Posted: Fri Sep 14 -- Couldn't the wind just be added in the acts of god/nature clause? robmejia

Reader Comments

Top 5 Reasons Employees Leave and Stay
Posted: Mon Sep 17 -- As the economy continues to improves, employers will see more and more employees leaving for lack of increased compensation. At that time,... MadDog
Maryland Man Sued Over Travel Insurance Policy on Missing Companion
Posted: Wed Sep 12 -- Anyone out there want to take a trip to the Everglades? Just get me the exact spelling of your name and your DOB. Let me know when you'll be... Al E. Gator
Lawsuit Claims Bird Attack On Maui Golf Course
Posted: Mon Sep 17 -- If you ask me, long before this attack on Mr. Sakamura, the golf course should have brightened up Tiny Tim's Christmas by giving him the... Rusty
Second Man Pleads Guilty in Grisly South Carolina Insurance Fraud
Posted: Mon Sep 17 -- Yep, they should have their hand's sawed off the same way. EyeForAnEye
Young Illegal Immigrants May Get Driver's Licenses
Posted: Mon Sep 17 -- Does she get in state tuition too? dreamer

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